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Jan 2, 2013
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also, eric cantor is very tied in to wall street. and a lot of finance republicans, the ones i talk to who talk to those guys from the big banks, they did not want to see the markets open tomorrow with this deal up in the air there was definitely a pushback from that community as these negotiations move forward. >> we saw the dow react positively there the other day. and then it could go negative again after we have seen a long string of decreases in the dow index leading up to this vote. and that one pop in the dow of over 100 points. >> right. >> because there was word of a deal coming through there. they're feeling very positive about that. >> and foreign markets are opening, as i'm sure are open now in some parts of the world there is that fear that the foreign markets will start to go down on the u.s., and that it could lead to it all going to haywire tomorrow. >> january 2nd in many parts of the world. now one of the -- just to drill down a little more on this hiccup, and those who were against this senate bill, why did that ne
also, eric cantor is very tied in to wall street. and a lot of finance republicans, the ones i talk to who talk to those guys from the big banks, they did not want to see the markets open tomorrow with this deal up in the air there was definitely a pushback from that community as these negotiations move forward. >> we saw the dow react positively there the other day. and then it could go negative again after we have seen a long string of decreases in the dow index leading up to this vote....
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Jan 1, 2013
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eric cantor came out and said he will not support it. there has been tension between the top two republican leaders, a rivalry. many people have written about it. it's not a big secret. i'm not talking out of school here. eric cantor stood four square behind boehner throughout this negotiation over the course of the last two months. ten days ago, in the speaker's plan b, when that crashed and burned, eric cantor stood behind john boehner. so we don't know -- it doesn't appear. we can't report there's division among them now. but it certainly is a significant development. obviously cantor is influential, particularly among house conservatives who are the heart of the republican party. john boehner has said in the days leading up to this, as it was being negotiated this deal between mcconnell and biden, that he would not put something on the floor that was a democratic -- would require a majority of democrats to pass. a lot of people talked over the course of the last several weeks about the majority, the majority tradition in the house of
eric cantor came out and said he will not support it. there has been tension between the top two republican leaders, a rivalry. many people have written about it. it's not a big secret. i'm not talking out of school here. eric cantor stood four square behind boehner throughout this negotiation over the course of the last two months. ten days ago, in the speaker's plan b, when that crashed and burned, eric cantor stood behind john boehner. so we don't know -- it doesn't appear. we can't report...
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eric cantor did not vote for it. he voted against it. >> while. >> that is what we understand right now. what is the next cep, and when will the president get that? if you want to comment on what we just learned about the votes from speaker boehner and paul ryan. the budget grew roll from the right voting for it and. cantor's saying no. >> i think it's fairly extraordinary. there has been a lot of talk, a lot has been written and speculated upon about eric kanter and the rivalry between eric kanter and john banner. folks happen to think -- i am getting an update here. let me update you. this is a press release just sent out by the press office just behind me. remarks will be open. 11:20 will get a statement here in the briefing room. you and i have been talking earlier, punctuating this long campaign, this long after that he has had to pass this bill averting the fiscal cliff. people on the left have been disappointed in the fact that he did not stick to that $250,000 threshold that he and has raced up to $450,000. b
eric cantor did not vote for it. he voted against it. >> while. >> that is what we understand right now. what is the next cep, and when will the president get that? if you want to comment on what we just learned about the votes from speaker boehner and paul ryan. the budget grew roll from the right voting for it and. cantor's saying no. >> i think it's fairly extraordinary. there has been a lot of talk, a lot has been written and speculated upon about eric kanter and the...
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cantor, kevin mccarthy. anything they learned is they looked chaotic and weak yesterday when they were going in two ways. basically becoming the laughing stock of the country. a lot of people left confused and even worried because of some weird inner party dynamic they were going to be hit with a m s massive tax increase, but because of what happened this time around, there's going to be a serious move by the gop leadership not to look like they are bending over in any capacity to accommodate the president. they are going to push this to the very end. we'll see what happens. i hope i'm wrong for the sake of the economy and everybody's nerves, but you could play this tape come march first, i think we're going to be having this same discussion. >> luke, i guess you're not going to have a vacation ever, but if you do get a break, i want you to contemplate a world in which the house majority leader and the whip, the guy responsible for whipping votes, vote against their own leader. what kind of world is that? >>
cantor, kevin mccarthy. anything they learned is they looked chaotic and weak yesterday when they were going in two ways. basically becoming the laughing stock of the country. a lot of people left confused and even worried because of some weird inner party dynamic they were going to be hit with a m s massive tax increase, but because of what happened this time around, there's going to be a serious move by the gop leadership not to look like they are bending over in any capacity to accommodate...
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Jan 3, 2013
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he stripped them -- >> the last i heard eric cantor is still -- >> not eric cantor. the house is up for grabs. here is the good news. so for the last more than a decade, 15 years, the house of representatives on the republican side has been operating under something they call the hastert rule. that is named after former speaker denny hastert, and under the hastert rule, to bring a bill to the floor, the speaker needs to believe that he will get what's called a majority -- >> of the majority. >> -- of the majority. now, the fiscal cliff deal, they didn't have a majority of the majority. the hastert rule got shredded. >> what about the norquist commitment? that got shredded pretty -- >> there's a loophole on that. joosk. >> of course. >> midnight dispensation. >> that was what norquist tweeted. on this rule, what we have now is a precedent for boehner using a much smaller group of more reasonable republicans to vote with the democrats. that's what happened on the fiscal cliff. so as long as he can not go through the folly of trying to get back to the hastert rule and j
he stripped them -- >> the last i heard eric cantor is still -- >> not eric cantor. the house is up for grabs. here is the good news. so for the last more than a decade, 15 years, the house of representatives on the republican side has been operating under something they call the hastert rule. that is named after former speaker denny hastert, and under the hastert rule, to bring a bill to the floor, the speaker needs to believe that he will get what's called a majority -- >>...
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Jan 3, 2013
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one vote for eric cantor. it's not coalessed. john boehner for all the discomfort with him, that's clear within some conservative circles, the guy is going to be the speaker of the house. it's remarkable that conservatives couldn't unite even a little bit more as a show of force. >> i still believe the only person -- if he somehow expressed an interest, you would see the committee chairs, you would see a flocking. >> does this -- the question you have to be watching now is how this weakens or stretens his hand going into negotiations on the fiscal cliff -- not that, the debt ceiling. that remains to be seen. we'll have to leave it there. >> i guess. >> because -- >> i normally love to stay. i have to say that there's a bitter feeling. i love the first day of school, which i call the first day of congress. >> i would love to be up there myself. >> there's something the way the 112th ended. >> doesn't give you a good feeling. >> i just -- you wish -- this should be a happier day in celebrating washington. >> we still congratulate t
one vote for eric cantor. it's not coalessed. john boehner for all the discomfort with him, that's clear within some conservative circles, the guy is going to be the speaker of the house. it's remarkable that conservatives couldn't unite even a little bit more as a show of force. >> i still believe the only person -- if he somehow expressed an interest, you would see the committee chairs, you would see a flocking. >> does this -- the question you have to be watching now is how this...
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we still did not see that eric cantor voted yet. but there was criticism for lacking leadership among the voters. he is putting himself out there with the minority of his party, saying support this deal. >> vic, go ahead. >> i'm sorry, richard? >> mike viquiera go ahead. >> i just wanted to point out something here one of the problems all along is that republicans didn't want to violate a core principle of conservativism, a core pledge that they made never to raise taxes or revenues. this individual grover norquist who has sponsored this pledge i'm going to read a tweet from grover norquist that we've just seen here. he said the bush tax cuts lapsed at midnight last night. every republican voting for the senate bill is cutting taxes and keeping his or her pledge. and richard we talked about this in the -- >> it just passed, just passed. no more time remaining, it now has passed the house with the senate amendment. >> okay and now we're heading well over, just caution, let's wait until the gavel comes down but strange things can happ
we still did not see that eric cantor voted yet. but there was criticism for lacking leadership among the voters. he is putting himself out there with the minority of his party, saying support this deal. >> vic, go ahead. >> i'm sorry, richard? >> mike viquiera go ahead. >> i just wanted to point out something here one of the problems all along is that republicans didn't want to violate a core principle of conservativism, a core pledge that they made never to raise taxes...
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speaker boehner, eric cantor have not been overly supportive so far. they reserve the right to amend it. there are three options. we could all hold hands and jump off into the deep end together. that would be the house republican conference approving of this bill, at least enough of them joining the democrats to move it forward. you could also see house republicans try to amend it. that's what tom cole is talking about on your air. he doesn't think that would happen and doesn't want that to happen but it certainly is a possibility if some conservative house republicans say we don't like this part of the deal let's send it back over to the senate. that puts us in sort of a chaos with so little time. today is a free day. the markets close. what happens tomorrow if there is still not a fiscal deal in place? lastly if there is an all out rejection all bets are off, we're jumping over the fiscal cliff. it is up to john boehner to gauge how his conference is going to react to this bill and from folks i've talked to there is a little bit of nervousness among
speaker boehner, eric cantor have not been overly supportive so far. they reserve the right to amend it. there are three options. we could all hold hands and jump off into the deep end together. that would be the house republican conference approving of this bill, at least enough of them joining the democrats to move it forward. you could also see house republicans try to amend it. that's what tom cole is talking about on your air. he doesn't think that would happen and doesn't want that to...
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cantor voted against it, as did kevin mccarthy, his chief whip. does that send a message to the chuckle head as your colleague said? if boehner and cantor is split, there's no reason we can't oppose the big deal? >> i'm proud of the speaker. he knew what needed to be done. he provided the cover for us to do, let the conference work its will. leadership is about leading and i think he did that. in the fights ahead of us, we're going to be awfully unified. there's no any difference in the ranks in terms of cutting spending and entitlements. i think the president played his best card in the opening round of the poker game last night. he's not going to get that one again. the revenue questions are over. it's all about spending and entitlement cuts. we'll seep how brave he is whether it comes to dealing with his party. >> do you think the leadership style by boehner is effective, though, to let your house caucus vent? it's almost the prodigal son, right? can you do that with a debt limit deal that could send the entire world in chaos? >> it's the trill
cantor voted against it, as did kevin mccarthy, his chief whip. does that send a message to the chuckle head as your colleague said? if boehner and cantor is split, there's no reason we can't oppose the big deal? >> i'm proud of the speaker. he knew what needed to be done. he provided the cover for us to do, let the conference work its will. leadership is about leading and i think he did that. in the fights ahead of us, we're going to be awfully unified. there's no any difference in the...
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eric cantor told them to be prepared to be in session through january 2nd. so remember yesterday we talked about optics, how bad it was for them to look like they weren't going to be in washington, d.c. they no longer have that problem. john boehner, one member who is on that conference call earlier today, told me, he said we're going to see what the senate has to do and what they will give us. he also made clear that he would not be comfortable putting a bill on the floor that would need all democratic votes to pass and only a handful of republicans. meaning as of right now, john boehner is sticking by the hastert rule. that's very significant because he feels that maybe they get something large scale if they can get a lot of republicans or this is just all for show to show the american people they're still there to the end. >> hold on. 6:30 on sunday? i mean, as harry reid pointed out, that's 48 hours. i mean, in terms of the optics and as you said, it's conference calls and no real details coming from the house republicans on what it is they would accept
eric cantor told them to be prepared to be in session through january 2nd. so remember yesterday we talked about optics, how bad it was for them to look like they weren't going to be in washington, d.c. they no longer have that problem. john boehner, one member who is on that conference call earlier today, told me, he said we're going to see what the senate has to do and what they will give us. he also made clear that he would not be comfortable putting a bill on the floor that would need all...
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Jan 1, 2013
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house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the gap where they missed a few things. >> let's bring in luke russert who has been covering this story on capitol hill. what's the latest on the meeting? we do understand earlier you were standing in front of speaker boehner's office and he was having a leadership meeting. >> they're having a leadership meeting where they're trying to fik
house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up...
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john boehner and eric cantor put their plan "b" on a friday on the floor 69 house of representatives. it set the income threshold at $1 million over which you would be taxed at a higher rate. they wanted to do that because you simply can't beat something with nothing. they wanted to have something to send over to the senate to negotiate with in addition to what they had sent over last summer which was pretty much a nonstarter that they had recognized. that crashed and burned and went down in flames at which point john boehner said, look, it's up to the senate. they can negotiate -- harry reid can negotiate with president obama however they want to work it. they essentially punted and said it's up to you. that didn't go very well. mitch mcconnell the republican leader and harry reid at one point stopped negotiating at about 7:00 on saturday night. on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's pa
john boehner and eric cantor put their plan "b" on a friday on the floor 69 house of representatives. it set the income threshold at $1 million over which you would be taxed at a higher rate. they wanted to do that because you simply can't beat something with nothing. they wanted to have something to send over to the senate to negotiate with in addition to what they had sent over last summer which was pretty much a nonstarter that they had recognized. that crashed and burned and went...
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you can go back and say, yeah, but eric cantor didn't vote what you needed him on, why do you need me? it's going to be interesting to see how it moves forward, and i think boehner needs to draw a hard line against president obama, because he needs to assert his leadership here in a big, powerful way. >> i want to talk to you in a moment about sandy, but first to kelly, because they failed to do anything on the relief for sandy victims. kelly, what does it say about this congress as at noon today went out of power, the congress has gone or noon tomorrow, rather, goes out of power. the congress is gone, it's over, it's the worst on record, and now they didn't do anything for the relief of the real victims of hurricane sandy. >> this is so politically damaging, because the expectation was that the house would act. the senate did, they put together a package worth $60.4 billion. there had been a lot of foot dragging, i think the term from democrats who wanted more faster, given how long ago sandy hit. what hurts politically, in the latest of the hour, about midnight last night, there wer
you can go back and say, yeah, but eric cantor didn't vote what you needed him on, why do you need me? it's going to be interesting to see how it moves forward, and i think boehner needs to draw a hard line against president obama, because he needs to assert his leadership here in a big, powerful way. >> i want to talk to you in a moment about sandy, but first to kelly, because they failed to do anything on the relief for sandy victims. kelly, what does it say about this congress as at...
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eric cantor came out against that bill. john boehner sort of held his ground and didn't say anything. was trying to gauge his conference. after they talked to some leadership aides and they talked to other leaders throughout the conference, they went back at about 5:15 tonight. they spoke to their members and said we're going to give you a chance to vent by adding a spending cut amendment for $330 billion. but if you guys can't get the 217 votes on that, which will all be republican votes because not one democrat will support that, when they whipped it and are trying to get the 217 votes, if they can't get the votes, then the senate bill would go to the floor. it's very odd. a lot of people are asking if this has been the strategy and it's unlikely for them to get the 217 votes which it is, then why go through this? this is boehner's leadership style. he tries to let his conference vent, talk about their grievances. oftentimes it's embarrassing for them like it's been so far today. but they believe at the end when it's over
eric cantor came out against that bill. john boehner sort of held his ground and didn't say anything. was trying to gauge his conference. after they talked to some leadership aides and they talked to other leaders throughout the conference, they went back at about 5:15 tonight. they spoke to their members and said we're going to give you a chance to vent by adding a spending cut amendment for $330 billion. but if you guys can't get the 217 votes on that, which will all be republican votes...